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An analyst observes a Widget & Co. 7.125 percent, 4-year, semiannual-pay bond trading at 102.347 percent of par (where par $1,000 ). The bond is
An analyst observes a Widget \& Co. 7.125 percent, 4-year, semiannual-pay bond trading at 102.347 percent of par (where par $1,000 ). The bond is first callable at 101 in two years, and first putable at 100 in two years. What is the bond's yield to first put? A. 6.450% B. 2.932% C. 4.225% D. 5.864%
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
